Global Network Security Appliance Market - Overview
Market Research Future (MRFR), in its recently
published research report, asserts that the global Network Security Appliance Market 2020 is booming and
expected to grow exponentially over the review period, recording a substantial
market valuation from USD 8.45 billion in 2018 to USD 13.97 billion by 2023,
and a healthy 10.6% CAGR in the forecast period.
Competitive Analysis
The major market players operating in the global
network security appliance market as identified by MRFR are Palo Alto Networks,
Inc., Cisco Systems, Inc., Fortinet, Inc., Symantec Corporation, Check Point
Software Technologies Ltd., Sophos Ltd., Forcepoint LLC, Juniper Networks,
Inc., and Barracuda Networks, Inc.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7054
Drivers and Restraints
A number of influential factors including growing
cybercrime activities, increasing bring-your’s-own-device implementation,
augmented demand for cloud-based solutions, and severe government regulations,
influence the global security appliances market size. With the advancement in
technology, the range and capabilities of the network appliances are being
improved. This factor is among the prime reasons to improve the global adoption
of network appliances. Henceforth, an increase in adoption drives the growth in
revenue and enables the market players to create innovations in the global
network appliance market share.
All these factors collectively create growth
prospects for security appliances market growth, while some of them account for
limitations in the market. These factor are likely to have a definite impact on
the security appliances market share. The demand for network security
appliances has been further augmented with advancements in IoT, global
implementation of cloud services, and growing BYOD trends across the globe.
Moreover, the need to meet compliance necessities and ensure security and
privacy of data has further contributed to the overall growth of the market.
The increasing complexity of business networks will support the continual
growth of the network security appliances market in the upcoming years. On the
other hand, intricacy in installation and security challenges are the major factors
impeding the growth of the global network appliance market.
Segmental Analysis
The global network security appliance market is
segmented into industry verticals, components, and regions.
Based on the component, the market is divided into
the product, visibility, analytics, and management software; and services. The
products covered in the study are firewalls, next-generation firewalls (NGFWs)
and unified threat management (UTM), intrusion detection system (IDS) and
intrusion prevention system (IPS), sandboxing, distributed denial of service
(DDoS) protection, and web security. The services segment is further bifurcated
into professional and managed services. The professional services covered in
the study are consulting services, support and maintenance services, system
integration services, and training and education services.
Based on the industry vertical, the market is
segmented into government and defense, BFSI, IT and telecom, retail,
healthcare, energy and utilities, manufacturing, and others.
Regional Analysis
The geographical analysis of the global network
security applicance market has been conducted in four major regions, including
the Asia Pacific, North America, Europe, and the rest of the world (Latin
America, the Middle East, and Africa).
North America is poised to be the leading market in
the network security appliance market during the forecast period. North America
region is considered the most developed region in terms of technology,
infrastructure, and adoption of the cybersecurity solutions. The presence of
major vendors and faster adoption of new network security solutions such as
NGFW and DDoS protection fuels the network security appliance market in the
North America region. The US is projected to be the leading country in the network
security appliance market in the North America region over the assessment
period.
Asia-Pacific is expected to grow at the fastest rate
through the review period. IT & telecom sector drives the network security
appliance market in the Asia-Pacific region. Asia-pacific is economically and
technologically developed region and countries such as Japan, China, and India
are anticipated to dominate the network security appliance market in the
Asia-Pacific region. Budget restraints in the enterprises to spend sufficiently
on cybersecurity solutions are projected to hinder the growth of the market in
the Asia-Pacific region.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/network-security-appliance-market-7054
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment